Transcoding job is queued but never converts

I am trying to get a video to convert on save using ffmpeg and the latest dev release (7.x-2.8+13-dev). Upon uploading a video and saving a node I see the message:

Transcoding job was successfully queued for FFmpeg / avconv. The video video.mp4 will be converted soon

But ffmpeg is never launched, the uploaded video never changes from the original, and I see no message of any kind in the log. Is there anyway to view the status of queued videos?

Screenshots of my settings are attached. Am I missing something here? I also tried changing the scheduler setting to use Drupal's built in cron but never got it to convert that way either, even after running cron multiple times and waiting overnight.

Any help is greatly appreciated!

Edit:
I guess the only way to check the status of the video queue is to look at the video_queue table? I see this there:

select * from video_queue;
+-----+-----+-------------+-----------+--------+------------+----------+---------+-----------+--------------------------------------------------------------------------------------+---------------+
| vid | fid | entity_type | entity_id | status | dimensions | duration | started | completed | data                                                                                 | statusupdated |
+-----+-----+-------------+-----------+--------+------------+----------+---------+-----------+--------------------------------------------------------------------------------------+---------------+
|   3 |  44 | node        |        16 |      1 | 1280x720   | NULL     |       0 |         0 | a:3:{s:10:"field_name";s:11:"field_video";s:8:"langcode";s:3:"und";s:5:"delta";i:0;} |    1355858369 |
+-----+-----+-------------+-----------+--------+------------+----------+---------+-----------+--------------------------------------------------------------------------------------+---------------+
1 row in set (0.00 sec)